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Financial Planning / Paying For College


Subject:  Re: funding grandchild's college Date:  9/10/2013  12:57 AM
Author:  covan Number:  8089 of 8484

My G'daughter just got her aid package. In addition to a $1,000 scholarship she already had, she got a Pell Grant for $5,600 and is eligible for a subsidized loan of $3,500. She is also eligible for an un-subsidized loan of $2,000, and Parent Plus loans of about $10,000. I advised her to decline the latter two - the terms and interest rates are not that attractive.

There was nothing in the aid package about work/study programs; she says she can't apply until school starts in a couple of weeks.
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